Fiat plans to shut CNH tractor plant in Italy

Newswire

MILAN, June 24 (Reuters) - Italian car maker group Fiat SpA plans to shut its CNH Global NV farm equipment plant at Imola, Italy, in two years, a company spokesman said on Wednesday.
The northern Italian plant employs about 500 workers.
The global agricultural equipment market has been hard hit by the recession as farmers hold off making big-ticket purchases.
Union leaders called the move unacceptable, Ansa news agency said.
Fiat, Italy's biggest manufacturer, said last week it ...

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